BUSINESS ADMINISTRATION
BUSINESS MATHEMATICS
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Specified amount of money paid for each sale or percent of the total value of sales.
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a unit rate
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Offers a different rate of commission for each level of sales.
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Detailed explanation-1: -Straight Commission. Straight Commission is calculated to be the person’s wage based solely on sales.
Detailed explanation-2: -1. Revenue Commission Structure. One of the simplest and most commonly used sales commission structures is variable pay as a percentage of a single sale’s revenue. Under this incentive structure, reps earn a flat percentage for every sale.
Detailed explanation-3: -Just take the sale price, multiply it by the commission percentage, and divide it by 100. An example calculation: a blue widget is sold for $70 . The salesperson works on a commission-he/she gets 14% out of every transaction, which amounts to $9.80 .
Detailed explanation-4: -A graduated commission is a system of compensation for sales people where the percentage of sales earned increases as the sales volume increases. Therefore, graduated commission is also one kind of commission.